JAKARTA, Indonesia, Aug. 20, 2019 /PRNewswire-PRWeb/ -- Kredivo, the leading digital credit card in Indonesia, which has disrupted digital payments with a unique 2-click checkout (the fastest of all existing payment methods), has launched its latest innovation: a Zero-click checkout that ensures an even faster and simpler shopping experience, optimized specifically for mobile. Implemented for the first time in Indonesia, this innovation allows Kredivo users to transact faster than ever before.
Unlike other payment methods that require login details or switching of multiple screens during the checkout, the Zero-click checkout allows users to buy goods at ecommerce sites instantly. During the checkout process, users only need to choose Kredivo as a payment method and use their existing stored credentials to checkout in an instant. Users can choose payment terms of 30 days with 0% interest or installments for up to 12 months with 2.95% interest per month. This feature is already live on Tokopedia and will be rolled out to other e-commerce platforms over time.
Kredivo's Head of Product, Iswara Gozali explained, "We've created a simple and secure tokenization framework that allows frequent shoppers to simplify their checkout experience like never before. By adopting the Zero-click feature, we hope that frequent shoppers will be able to transact more frequently, but equally securely as before. Merchants who adopt the Zero-click checkout will benefit from higher retention and overall higher GMV."
Alie Tan, CTO and Co-founder of Kredivo, added, "Payments innovation is at the heart of Kredivo's DNA. Kredivo is really excited to roll out this feature across all of its ecommerce merchants, this is a first of its kind innovation in Indonesia."
Indonesia is the country with the largest ecommerce market and the fastest growth in Southeast Asia. McKinsey and Google/Temasek predict that the e-commerce market will grow by 30-50% in the coming years. At the same time, payment friction for ecommerce checkout is very high, causing the level of cart abandonment in Indonesia to be one of the highest in the world. Existing conventional payment methods cannot yet offer the simplicity offered by native digital checkouts such as Kredivo.
FinAccel is a financial technology company focused on reinventing financial services in Southeast Asia. Its flagship product, Kredivo, is the leading digital credit card in Indonesia that gives customers instant credit financing for ecommerce purchases and personal loans, based on real-time decisioning powered by proprietary technology. Kredivo users can buy now and pay later with the lowest interest rate amongst all digital lenders in the country. Kredivo's merchant partners benefit from instant point-of-sale financing, powered by Kredivo's 2-click checkout. The company is backed by leading investors such as Square Peg Capital, MDI Ventures, Jungle Ventures and Openspace Ventures, among others, and regulated by OJK in Indonesia. To know more about FinAccel and Kredivo, visit http://www.finaccel.co and http://www.kredivo.com.